GVT&D · Capital Goods
GE Vernova T&D India Ltd. reported revenue of ₹839 cr for October to December 2023, — on the year and +20.2% on the quarter.
Operating profit (EBITDA) was ₹97.0 cr, a margin of 11.6%, — on the year and +282 bps on the quarter.
Net profit was ₹49.0 cr, — on the year and +32.4% on the quarter, with earnings per share of ₹1.93.
Capital goods and EPC revenue follows project execution, which makes quarters uneven; the order book and new orders tell more about the year than one quarter does. The quarterly statements do not carry the order book, new orders and working capital; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹698 cr | ₹839 cr | ₹914 cr | ₹958 cr | ₹1,108 cr | ₹1,074 cr | ₹1,153 cr | ₹1,330 cr | ₹1,538 cr | ₹1,701 cr | ₹1,637 cr | ₹1,836 cr |
| YoY | — | — | — | +33% | +59% | +28% | +26% | +39% | +39% | +58% | +42% | +38% |
| EBITDA margin | 8.7% | 11.6% | 12.1% | 19.0% | 18.5% | 16.8% | 21.9% | 29.2% | 25.7% | 26.7% | 27.2% | 25.1% |
| Other income, % of PBT | 18% | −5% | 6% | 7% | 2% | 14% | 8% | 4% | 5% | −13% | 9% | 9% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 32% | 34% | 25% | 25% | 25% | 27% | 25% | 25% | 25% | 25% | 25% |
| Net profit | ₹37.0 cr | ₹49.0 cr | ₹66.0 cr | ₹135 cr | ₹145 cr | ₹143 cr | ₹186 cr | ₹291 cr | ₹299 cr | ₹291 cr | ₹352 cr | ₹363 cr |
| YoY | — | — | — | +382% | +292% | +192% | +182% | +116% | +106% | +103% | +89% | +25% |
| Core profit YoY | — | — | — | +522% | +363% | +113% | +147% | +123% | +101% | +169% | +81% | +19% |
| EPS | ₹1.45 | ₹1.93 | ₹2.59 | ₹5.25 | ₹5.65 | ₹5.57 | ₹7.28 | ₹11.37 | ₹11.70 | ₹11.36 | ₹13.74 | ₹14.18 |
| Flags | · | · | · | ✓ | ✓ | 1 | 1 | ✓ | ✓ | ✓ | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
GE Vernova T&D India Ltd. reported revenue of ₹839 cr (— on the year) and net profit of ₹49.0 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.